- Title: Asia stocks snap back from shock Trump win at US election
- Date: 10th November 2016
- Summary: HONG KONG, CHINA (NOVEMBER 10, 2016) (REUTERS) FLAGS FLYING AT HONG KONG EXCHANGE SQUARE HONG KONG EXCHANGES AND CLEARING FLAG HONG KONG STOCK EXCHANGE SCREEN SHOWING HANG SENG INDEX UP 423.92 POINTS STOCK LISTING TRADERS PACKING UP TRADER PRINTING OUT STOCK DATA STOCK LISTINGS
- Embargoed: 25th November 2016 09:06
- Keywords: Trump Donald Asia stocks win US election shock snap stocks
- Location: TOKYO, JAPAN/ SEOUL, SOUTH KOREA/HONG KONG, CHINA/ MUMBAI, INDIA
- City: TOKYO, JAPAN/ SEOUL, SOUTH KOREA/HONG KONG, CHINA/ MUMBAI, INDIA
- Country: South Korea
- Topics: Government/Politics
- Reuters ID: LVA00357V24W5
- Aspect Ratio: 16:9
- Story Text: Asia stocks rebounded on Thursday (November 10), the day after they slumped on Donald Trump's shock win at the U.S. election.
The Nikkei duly recouped all of Wednesday's (November 9) 5 percent loss and more to trade up roughly 6 percent as the yen weakened following the previous session's surge.
The benchmark Nikkei stock average closed at 17344.42 up 781.56 points.
South Korean shares jumped as investors bargain-hunted after the market fell more than 2 percent to a four-month low on Wednesday.
The Korea Composite Stock Price Index (KOSPI) was up 1.9 percent at 1,996.31 points as of 0251 GMT.
India's benchmark stock exchange soared over 350 points in early trade on Thursday.
"They (Asian markets) are trading in positive territories and if I talk about Sensex, it is 300 points plus. So, I think, we are mimicking the same thing. Markets feel that Mr. Trump may not be as bad for the markets as they perceived prior," market watcher Sunil Shah.
However, other market experts warned that the volatility will continue until Trump announces his economic policies.
Hong Kong stocks rebounded on Thursday from the previous session's 3-month low as global markets made a dramatic U-turn after a punishing selloff.
The Hang Seng index rose 1.9 percent, to 22,839.11, while the China Enterprises Index gained 1.8 percent, to 9,545.85 points.
Trump, who at 70 will be the oldest first-term U.S. president, came out on top after a bitter and divisive campaign that focused largely on the character of the candidates and whether they could be trusted to serve as the country's 45th president.
The presidency will be his first elected office, and it remains to be seen how he will work with Congress.
- Copyright Holder: REUTERS
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